Ratification of a City Council Ordinance disapproving the Program, Expenditure, and Funding under the Termination, Settlement, and Release Agreement between the Corpus Christi B Corporation and Elevate QOF, LLC; adjusting Type B Budget to withdraw funds from the terminated program for the Homewood Suite Incentive; directing the City Manager and City Staff not to make or facilitate payment; and providing for an effective date.

Staff Report & Agenda Item Details

Interim City Attorney Buck Brice stated this item ratifies the emergency ordinance that City Council passed last week. The purpose of the ratification is to allow the public to speak. Mayor Pro Tem Paxson opened public comment. There were no comments from the Council or the public. Mayor Pro Tem Paxson closed public comment. Council Member Hernandez moved to approve the ordinance, seconded by Council Member Campos. This Ordinance was passed on first reading and approved with the following vote:

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 7.5/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).